CXM Becoming ActiveUnderstand that discussions and negotiations are still continuing on the very large O & G play in eastern Asia. Competition to acquire same is strong and could take some months to conclude, if at all.
Company is actively pursing two other property acquisitions, also in a "proven state" of assets. New opportunities are being presented to management almost on a daily basis and things will occur sooner than later.
Evidence that "things" will start sooner than later is that Doug Casey and his large newsletter srvice recently commenced following and recommending CXM. That is the reason for the recent firming up of bids on the buy side, along with improved share price. Doug is very familiar with the Lundin group and knows the integrity of Lundin.
Look for this scenario to continue.
As well, the warrants will have to be exercised on Jan. 19-20 provided the stock continues trading above the $2.00 level until then. This will place another $4 mil. in the treasury, bringing the cash on hand to $7 mil.
I am a shareholder (significant in my financial circle) and plse. perform your own DD before investing.
IMHO the current share price is is a small reflection of its' future.
otrab